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Peerless Network acquisition boosts Infobip in US, says 451 Research

Infobip’s acquisition of Peerless Network will boost its presence in the US market and add complementary voice services to its portfolio, according to Raul Castanon-Martinez from 451 Research. The industry analyst firm sees the deal as further cementing Infobip’s position as a leading CPaaS provider. 451 Research forecasts total CPaaS market revenues to grow at a CAGR of 28% over the next five years.